GAM Holding AG Sells 29,332 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GAM Holding AG lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,950 shares of the semiconductor company’s stock after selling 29,332 shares during the period. GAM Holding AG’s holdings in Taiwan Semiconductor Manufacturing were worth $12,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. RFG Advisory LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 17.1% in the 1st quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after acquiring an additional 385 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 62.9% in the 1st quarter. International Assets Investment Management LLC now owns 3,351 shares of the semiconductor company’s stock valued at $474,000 after acquiring an additional 1,294 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $3,099,000. First Financial Corp IN bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $40,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 375.6% in the 1st quarter. Sunbelt Securities Inc. now owns 5,251 shares of the semiconductor company’s stock valued at $714,000 after acquiring an additional 4,147 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $198.49 on Wednesday. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The company’s 50-day moving average is $176.52 and its 200 day moving average is $165.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $212.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Analyst Ratings Changes

A number of research analysts recently commented on TSM shares. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.